Earnings per share

9 Months Ended

Apr. 02, 2022

Earnings per share

Earnings per share

11. Earnings per share

	Third Quarters Ended				Nine Months Ended
	April 2,		April 3,		April 2,		April 3,
	2022		2021		2022		2021
	(Thousands, except per share data)
Numerator:
Net income	$	183,417	$	107,484	$	445,556	$	107,759
Denominator:
Weighted average common shares for basic earnings per share		98,659		99,542		99,113		99,125
Net effect of dilutive stock-based compensation awards		827		705		1,183		888
Weighted average common shares for diluted earnings per share		99,486		100,247		100,296		100,013
Basic earnings per share	$	1.86	$	1.08	$	4.50	$	1.09
Diluted earnings per share	$	1.84	$	1.07	$	4.44	$	1.08
Stock options excluded from earnings per share calculation due to anti-dilutive effect		263		642		311		793